The formula for computing the final amount if one is earning compound interest is given on Wikipedia as

Write a Python program that assigns the principal amount of 10000 to variable P, assign to n the value 12, and assign to r the interest rate of 8% (0.08). Then have the program prompt the user for the number of years,t, that the money will be compounded for. Calculate and print the final amount after t years.

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Here is program written in python with all details and one sample out put We have considered P 10000 ... View the full answer